Pintec Technology Holdings Limited (NASDAQ:PT) (“PINTEC” or the “Company“), a Nasdaq listing group providing technology enabled financial and digital services to micro, small and medium enterprises ecosystem, today announced that it has received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market (“Nasdaq“), informing the Company that it has regained compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1).
As previously announced, the Company was notified by Nasdaq on October 21, 2022 that it was not in compliance with the minimum bid price requirement set forth in Nasdaq Listing Rule 5450(a)(1), as the closing bid price of the Company’s American Depositary Shares (“ADSs“) had been below US$1.00 for more than 30 consecutive business days.
On April 10, 2023, Nasdaq provided confirmation to the Company that for the last 10 consecutive business days, from March 24, 2023 to April 6, 2023, the closing bid price of the Company’s common stock has been at US$1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1) and this matter is now closed.
